PILA
Bankruptcy closedInactive since 03-07-2026; last annual accounts for financial year 2023.
Summary
PILA was declared bankrupt on 06-02-2025 (Ondernemingsrechtbank Antwerpen, afdeling Antwerpen); the bankruptcy was closed for insufficient assets by judgment of 01-07-2026, published in the Belgian Official Gazette on 06-07-2026.
Financials · financial year 2023, micro format
Equity
-€592
2022 · €9,029
Total assets
€63,779▼ 19.9%
2022 · €79,628
Net result
-€22,021
2022 · €1,157
Working capital
€3,619▼ 81.8%
2022 · €19,906
Trend over the years
2019 to 2023, 5 financial years 2018 to 2023, 6 financial years
The operating result stays negative: a loss of €21,172 in 2023 against €3,582 in 2022; the loss grows and 2023 has the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€21,172
2023
Net result-€22,021
2023
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€63,779
2023
Equity-€592
2023
Debt€64,371
2023
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€3,619
2023
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line201820192020202120222023
Operating result€26,326-€17,218▼ 34.6%€8,807▼ 48.8%€2,779▼ 68.4%-€3,582-€21,172▼ 491%
Net result€24,515-€17,021▼ 30.6%€7,058▼ 58.5%€1,597▼ 77.4%€1,157▼ 27.5%-€22,021
Equity-€17,804--€783▲ 95.6%€6,275€7,872▲ 25.4%€9,029▲ 14.7%-€592
Total assets€55,602-€52,989▼ 4.7%€67,490▲ 27.4%€65,207▼ 3.4%€79,628▲ 22.1%€63,779▼ 19.9%
Debt€73,406-€53,772▼ 26.7%€61,215▲ 13.8%€57,335▼ 6.3%€70,598▲ 23.1%€64,371▼ 8.8%
Working capital-€27,104--€8,337▲ 69.2%€466€22,558▲ 4,741%€19,906▼ 11.8%€3,619▼ 81.8%
Turnover and EBIT margin not published: the abbreviated or micro format does not require them.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €63,779
Fixed assets
€1,700 ▼ 37.5%
Current assets
€62,079 ▼ 19.3%
Equity and liabilities
Equity-€592
Debt€64,371
Equity is negative: debt (€64,371) exceeds the balance-sheet total (€63,779).
Key figures and ratios
EBITDA
-€20,154▼
2022 · -€1,837
Cash flow
-€21,003▼
2022 · €2,903
Solvency
-0.9%▼
2022 · 11.3%
Current ratio
1.06▼
2022 · 1.35
Quick ratio
0.41▼
2022 · 0.65
ROA
-34.5%▼
2022 · 1.5%
Interest coverage
-17.13▲
2022 · -33.70
Debt ≤ 1 year
€58,460▲
2022 · €57,004
Debt > 1 year
€4,861▼
2022 · €13,195
Income taxes
€121▼
2022 · €829
Equity ratios withheld: equity of -€592 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,746 | €1,746 | €1,746 | €1,746 | €1,746 | €1,018 | ▼ 41.7% |
| Other operating charges640/8 | - | - | - | €330 | €344 | €749 | ▲ 118% |
| Gross operating margin9900 | €28,403 | €19,287 | €10,772 | €4,855 | -€1,493 | -€19,405 | ▼ 1,200% |
| Operating profit (loss)9901 | €26,326 | €17,218 | €8,807 | €2,779 | -€3,582 | -€21,172 | ▼ 491% |
| Financial income75/76B | - | - | - | €280 | €5,623 | €448 | ▼ 92.0% |
| Recurring financial income75 | €954 | €660 | €172 | €280 | €5,623 | €448 | ▼ 92.0% |
| Financial charges65/66B | - | - | - | €1,463 | €55 | €1,176 | ▲ 2,058% |
| Recurring financial charges65 | €2,765 | €556 | €1,921 | €1,463 | €55 | €1,176 | ▲ 2,058% |
| Profit (loss) for the period before taxes9903 | €24,515 | €17,322 | €7,058 | €1,597 | €1,987 | -€21,900 | - |
| Income taxes67/77 | - | €301 | - | - | €829 | €121 | ▼ 85.4% |
| Profit (loss) for the period9904 | €24,515 | €17,021 | €7,058 | €1,597 | €1,157 | -€22,021 | - |
| Profit (loss) for the period to be appropriated9905 | €24,515 | €17,021 | €7,058 | €1,597 | €1,157 | -€22,021 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €55,602 | €52,989 | €67,490 | €65,207 | €79,628 | €63,779 | ▼ 19.9% |
| Fixed assets21/28 | €9,700 | €7,955 | €6,209 | €4,464 | €2,718 | €1,700 | ▼ 37.5% |
| Intangible fixed assets21 | €8,000 | €6,255 | €4,509 | €2,764 | €1,018 | €0 | ▼ 100% |
| Financial fixed assets28 | €1,700 | €1,700 | €1,700 | €1,700 | €1,700 | €1,700 | = |
| Current assets29/58 | €45,902 | €45,034 | €61,281 | €60,743 | €76,910 | €62,079 | ▼ 19.3% |
| Stocks and contracts in progress3 | €21,181 | €20,951 | €29,822 | €31,863 | €39,915 | €37,951 | ▼ 4.9% |
| Stocks30/36 | - | - | - | €31,863 | €39,915 | €37,951 | ▼ 4.9% |
| Amounts receivable within one year40/41 | €4,673 | €216 | €6,345 | - | - | €2,138 | - |
| Trade receivables40 | - | - | - | - | - | €2,107 | - |
| Other amounts receivable41 | - | - | - | - | - | €31 | - |
| Cash at bank and in hand54/58 | €20,048 | €23,868 | €25,114 | €28,647 | €36,994 | €18,814 | ▼ 49.1% |
| Deferred charges and accrued income490/1 | - | - | - | €233 | - | €3,176 | - |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €55,602 | €52,989 | €67,490 | €65,207 | €79,628 | €63,779 | ▼ 19.9% |
| Equity10/15 | -€17,804 | -€783 | €6,275 | €7,872 | €9,029 | -€592 | - |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | €6,200 | €18,600 | ▲ 200% |
| Profit (loss) carried forward14 | -€24,004 | -€6,983 | €75 | €1,672 | €2,829 | -€19,192 | - |
| Amounts payable17/49 | €73,406 | €53,772 | €61,215 | €57,335 | €70,598 | €64,371 | ▼ 8.8% |
| Amounts payable after more than one year17 | - | - | - | €18,750 | €13,195 | €4,861 | ▼ 63.2% |
| Financial debts170/4 | - | - | - | €18,750 | €13,195 | €4,861 | ▼ 63.2% |
| Amounts payable within one year42/48 | €73,006 | €53,372 | €60,815 | €38,185 | €57,004 | €58,460 | ▲ 2.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €6,250 | €9,028 | €9,028 | = |
| Trade debts44 | €17,732 | €12,478 | €33,145 | €2,603 | €14,431 | €37,466 | ▲ 160% |
| Suppliers440/4 | - | - | - | €2,603 | €14,431 | €37,466 | ▲ 160% |
| Taxes, remuneration and social security45 | - | - | - | €6,901 | €11,005 | €10,366 | ▼ 5.8% |
| Taxes450/3 | - | - | - | €6,151 | €9,405 | €8,766 | ▼ 6.8% |
| Remuneration and social security454/9 | - | - | - | €750 | €1,600 | €1,600 | = |
| Other amounts payable47/48 | - | - | - | €22,430 | €22,540 | €1,600 | ▼ 92.9% |
| Accrued charges and deferred income492/3 | - | - | - | €400 | €400 | €1,050 | ▲ 163% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €24,515 | €17,021 | €7,058 | €1,597 | €1,157 | -€22,021 | - |
| + Depreciation and write-downs630 | €1,746 | €1,746 | €1,746 | €1,746 | €1,746 | €1,018 | ▼ 41.7% |
| Operating cash flow (approximation) | €26,261 | €18,766 | €8,803 | €3,342 | €2,903 | -€21,003 | - |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €3,819 | €1,247 | €3,533 | €8,347 | -€18,180 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (10)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2023 | micro format | 15-07-2024 | 2024-00250750 |
| 31-12-2022 | micro format | 29-06-2023 | 2023-00175530 |
| 31-12-2021 | abbreviated format | 28-06-2022 | 2022-20140319 |
| 31-12-2020 | abbreviated format | 28-06-2021 | 2021-26300278 |
| 31-12-2019 | abbreviated format | 25-06-2020 | 2020-20500529 |
| 31-12-2018 | abbreviated format | 24-06-2019 | 2019-21800331 |
| 31-12-2017 | abbreviated format | 22-06-2018 | 2018-21900372 |
| 31-12-2016 | abbreviated format | 26-06-2017 | 2017-22100560 |
| 31-12-2015 | abbreviated format | 30-06-2016 | 2016-26300201 |
| 31-12-2014 | abbreviated format | 26-06-2015 | 2015-22400169 |
Subsidies and aid
Flemish government
2024 · 1 entry · €2,000 awarded · €2,000 paidSchemes
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.